Bravo Multinational and Pythia Journeys form streaming platform subsidiary; $1.4M convertible note

Bravo Multinational Inc.

BRVO and Pythia Journeys LLC sign binding LOI to form Bravo Acquisition Corp. for streaming platform.
BRVO will hold 51% equity, Journeys 49%; profits split equally.
BRVO issues $1.4M convertible note to Journeys, convertible at Jan 4, 2024 closing price.
Parties to seek up to $75M financing for the new subsidiary.
Journeys contributes storytelling tech, NFTs; BRVO contributes streaming tech, content, ad sourcing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

Bravo Multinational Inc. entered into Letter of Intent with Pythia Journeys, LLC valued at Formation of BAC; contribution of licenses, technology, and exclusive content; $75,000,000 financing (effective 2024-03-11).

Action: entry
Counterparty: Pythia Journeys, LLC
Value: Formation of BAC; contribution of licenses, technology, and exclusive content; $75,000,000 financing
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Bravo Multinational, Inc. (“BRVO”), a Wyoming corporation entered into a legally binding letter of intent (the “Agreement”) with Pythia Journeys, LLC, a Puerto Rico limited liability company (“Journeys”).

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Source: SEC EDGAR

accession 0001091818-24-000023

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